NCA’s UKFIU SARs Reporter Booklet (Mar 26) reveals large-scale fraud and ML schemes, including £2.4M VAT frauds, £600k+ asset freezes, and complex organised crime networks 

It shows how SARs are instrumental in uncovering large-scale illicit finance schemes, including charity-linked diversion fraud exceeding £300,000, VAT frauds over £2.4 million, payroll fraud and shell company abuse involving £4 million+ turnover, and underground banking networks linked to organised crime groups. The cases also demonstrate widespread use of layering techniques, mule accounts, false invoicing, and rapid fund transfers to disguise criminal proceeds…